Join Australia's most dynamic and respected property investment community

Building and pest inspection results

Discussion in 'The Buying & Selling Process' started by dan2101, 6th Oct, 2015.

  1. dan2101

    dan2101 Well-Known Member

    Joined:
    8th Jul, 2015
    Posts:
    330
    Location:
    NSW
    Hey all,

    Just got the building and pest report for a property I have under offer in keperra. Cooling off period ends tomorrow at 5pm. It had all the usual minor defects you would expect of a 30 year old property but a couple of things I am a bit more worried about are:

    - inspector has recommended I replace/refurbish all external timber barge fascia boards, timber fascia boards, roof gable ends and flashing

    - no sarking under the roof tiles (there has been a roof leak in the past as ceilings are stained)

    - rot around skirting in bathroom, possible shower leak.

    I guess my question is would you go ahead with this, would you pull out, or would you just seek a decent reduction in price (how much?)

    Thanks in advance for any advice!
    Dan
     
  2. dan2101

    dan2101 Well-Known Member

    Joined:
    8th Jul, 2015
    Posts:
    330
    Location:
    NSW
    One more thing the tiles in the living room were eneven which he said could be attributed to movement in the ground below the slab
     
  3. Kangaroo

    Kangaroo Well-Known Member

    Joined:
    21st Aug, 2015
    Posts:
    254
    Location:
    Sydney
    Maybe ask the inspector about an approximate cost of repairing to "normal" level. If it is not too big, maybe go ahead. This is what I thought personally.
     
  4. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,224
    Location:
    NSW
    Facia boards get wood rot from weather exposure.
    No sarking was how it was built.
    Bathroom skirtings get wet.
    Normal maintenance issues for a 30yr old house IMO.
    Check for shower leaks as this can be a real expense.
    See if you can negotiate a few $'s off. Otherwise not deal breakers.
    Soils under houses expand and contract depending on water content. Droughts and rains therefore can cause movement. If tiles not cracked, not much of a concern IMO.
     
  5. York

    York Finance Broker Business Member

    Joined:
    24th Jun, 2015
    Posts:
    1,620
    Location:
    Sydney
    Agree with @Propertunity. Not deal breakers. Mostly wear and tear due to age. But use it to your advantage if you can. Try get a price reduction.
     
  6. dan2101

    dan2101 Well-Known Member

    Joined:
    8th Jul, 2015
    Posts:
    330
    Location:
    NSW
    Great advice thanks heaps guys. In my head they weren't deal breakers but needed some confirmation! Will try for a discount today before the cooking off period ends.

    Cheers
     
  7. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,665
    Location:
    Sid en e - olympic city
    Yeah, seems par for the course.....
     
  8. gman65

    gman65 Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    267
    Location:
    Brisbane
    Roof seems similar to the one I recently purchased.. I figured worse case and best case with likely indications of costs from research. Asked for a discount (granted) above the best case figure, figured if over I can cover the worst case, and know its good for 10 years.

    I would aim for $5-10k? Going on BNE market right now if you try and push too much, that may backfire, as they may just go for the next offer.

    Ahh, I see this was yesterday, how'd it pan out today?
     
    Last edited: 8th Oct, 2015
  9. dan2101

    dan2101 Well-Known Member

    Joined:
    8th Jul, 2015
    Posts:
    330
    Location:
    NSW
    Cheers gman65. Got the cooling off period extended. Asked for 10k off the purchase price hoping they will meet me half way. I'll let you know how I go!
     
    -nb- and Ambit like this.